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Field projects see 'costs plunge'

Costs on new field development projects have fallen by an average of around 40% over the past four years as low oil prices have put pressure on operators to lower the commercial threshold for investments, according to research firm Douglas-Westwood.

Spending comeback?: lower costs making more fields commercially viable
Spending comeback?: lower costs making more fields commercially viable
Published 10 October 2016, 09:59Updated 25 October 2016, 15:08